Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA ire on administrations plan noted in iAmerican Bankeri
WASHINGTON (2/9/10)—The Credit Union National Association’s (CUNA’s) ire on behalf of credit unions when a recent Obama administration plan proposed to funnel $30 billion into community banks for business lending--but do nothing for credit unions—was highlighted in Monday’s “People” section of American Banker. The article contrasted CUNA’s heated outrage to the National Association of Federal Credit Union’s more muted response to the president’s announcement. NAFCU, said American Banker, responded by “politely sending a letter to the president” asking for credit union inclusion. CUNA, on the other hand, “went for the jugular,” noting its outrage that the administration's plan did not help credit unions engage in more business lending, the newspaper pointed out. It further noted that CUNA President/CEO Dan Mica underscored that credit unions can inject more than $10 billion into the economy through increased business lending if the cap on such loans is increased to just 25% of assets. "But the administration overlooked — or snubbed — the opportunity," Mica said in a public statement.


RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
10 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
13 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
13 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
14 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
15 hours ago